Lower-than-expected read in US inflation suggests that the tightening cycle from the Fed thus far are having its desired effect in moderating pricing pressures.
Source
Asia Day Ahead: Promising US Inflation Progress Drives Upbeat Market Mood
access_timeNovember 17, 2024
Latest:
- Newsquawk Week Ahead: UK data; RBA Minutes; Japanese CPI
- Fed’s Goolsbee says rates will be a lot lower “as long we keep making progress toward” 2%
- Bitcoin perks up to finish the week strong
- Fed’s Barkin: I always have expected core PCE to stay in the “high twos”
- Fed’s Goolsbee says personally comfortable not ‘charging’ towards neutral
- No comments on monetary policy from the Fed’s Williams
- BOC senior loan officer survey: 1.71% vs 6.85% prior
- Fed’s Collins: Won’t take a December easing off the table, doesn’t see big urgency
- ECB’s Cipollone: We can and should reduce the level of monetary policy restriction
- USD/CAD continues to break out
Stay Ahead In The Forex Game